Hexion Holdings Corp.
(Note: Hexion Holdings Corp. withdrew its IPO prospectus in an SEC filing dated March 17, 2022. American Securities, a New York-based private equity firm, bought Hexion for $30 per share in cash, in a transaction expected to be completed during the first half of 2022, according to Hexion’s announcement on Dec. 20, 2021. Hexion filed the S-1 for its IPO in late September 2021 with no terms and estimated proceeds of $100 million.)
We are a leading global producer of adhesives and performance materials that enable the production of engineered wood products, one of the world’s most sustainable building products and other growing specialty materials. We enable carbon sequestration within the building products value chain and increase the efficiency in the lumber industry to allow the use of 97% of the tree with our products. We have27 manufacturing plants globally and about 1,300 employees.
We serve highly diversified growing end-markets such as residential and non-residential construction, energy, automotive and agriculture. Our products include a broad range of critical components and formulations used to impart valuable performance characteristics such as durability, gloss, heat resistance, adhesion and strength to our customers’ and their customers’ final products. As such, our products sold to our customers are highly value-added contributions to their final work product, even though they often represent only a small portion of the overall end-product cost of adhesives and coating resins.
Note: As of June 30, 2021: outstanding debt totaled about $1.61 billion, according to the prospectus.
|Industry:||Adhesives and performance materials|
|Address||180 East Broad Street Columbus, Ohio 43215|
|Phone Number||(614) 225-4000|
|View Prospectus:||Hexion Holdings Corp.|
|Revenues||$2893.0 mil (last 12 months)|
|Net Income||$-9.0 mil (last 12 months)|
|Price range||$0.00 - $0.00|
|Est. $ Volume||$100.0 mil|
|Manager / Joint Managers||Morgan Stanley|
|Expected To Trade:|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|